Freebie Trading: Make Extra Money From Home

Pie in the sky?

If you've researched making money online for any length of time, you've undoubtedly been exposed to various opportunities. We've all seen those slick ebooks that promise you you'll make $100,000 in 2 weeks or whatever if you just buy their program, but as usual, that old saying always seems to pan out: "Anything that looks to good to be true probably is".

I've looked at a lot of 'work at home' or 'work online' opportunities on the Internet, and from what I can see, freebie trading requires the least startup money, the least knowledge, the least risk, and has the best chance of returning quick results of any of them.

Freebie trading is for real.

Unlike a lot of opportunities you may have seen online, freebie trading is a 100% for real industry that anyone can take advantage of to make some money. What's really great about it is that you can start doing it with practically no money to start with. In addition to being able to try out freebie trading without spending any money, there is also very little risk of spending a bunch of wasted time. Typically you can start earning cash within a few hours of getting started.

How much money can you make with freebie trading?

The answer is that it depends on how much aptitude you have for this kind of activity, how much time you are willing to put into it, and to a small extent on luck. People typically make anywhere from $200 to $5000 per month. Freebie trading cannot and will not make you rich, but some people trade full time and it is their only source of income.

Freebie trading uses hundreds of websites called "Incentivized Freebie Websites" (IFW's). IFW's present trial offers from hundreds of companies that pay the IFW site commissions to advertise their products and services. The IFW's provide an incentive (cash or prizes) to people for signing up for the trial offers and getting a certain number of referrals to do the same. Types of prizes include playstations, Xbox360s, computers, TVs, and CASH. The types of prizes and cash amounts vary depending on the particular IFW site.

How it works.

IFW's get paid the commission from their sponsors on every person that signs up and completes the sponsors trial offer. For instance say Blockbuster uses an IFW to advertise their offer for a 30 day trial for a service to get movies delivered to you through the mail. If you like the service, after 30 days you get billed each month at the regular price. If you don't like the service, you can cancel before the 30 day trial period has expired, and that ends your subscription to blockbuster's service.

However, since you signed up through the IFW, you are credited on the IFW for 1 credit which qualifies you to send referrals to the site and collect the prize. (Some sites require you complete more that one offer to get 1 full credit).

Blockbuster is just an example, not all offers require you to pay for a trial period for their products. Some just require you to pay a small shipping and handling fee, others cost nothing at all. Even though many of the offers cost money, it is much less than the money you will make by completing the offer.

How do you make money by completing the offer?

Completing a site's offer requirements to gain a credit is known in the freebie trading world as 'going green', or 'greening'. If you sign up for an IFW site via another trader's referral link and complete that site's offer requirements for a credit, you 'went green' or 'greened' for that trader.

Typically, traders will pay you between $15 and $75 for 'going green' depending on the difficulty and expense of the site's offer requirements, prize value, and amount of referrals required.

How can a trader afford to pay you more than you spend on completing the site's offers?

It works like this:

Once you complete the required number of offers (go green) on an IFW, the site is "yours", and it gives you a referral link that you can use to refer other people. You have qualified, and now all you have to do is get enough referrals to sign up (through your referral link) on the site and complete the required offers or 'go green' (just like you did), and you can collect the prize.

Lets say the prize you picked was in the form of $200 in PayPal cash (a typical cash prize), the IFW says you have to get 5 referrals to receive the prize. If you think about it, they are basically paying you $40 per referral at that point. You could pay 5 people $20 each to complete the site's offers (go green), and still pocket $100 in cash.

Starting to make sense?

What's in it for them?

At this point it may seem like either the IFW's sponsors must be paying out a lot more in commissions than they are receiving from the trial offers, or the IFW is losing more on prizes than they are making in commissions. Money has to come from somewhere right? Where are the IFW's and their sponsors making their money?

Well it turns out to be very profitable for them for a couple of reasons. First, a lot of people end up deciding that they like the offer and continue using the product or service (or forget to cancel). The more people using a product, the more word of mouth advertising that product gets. The system also relies to a certain extent on the concept of 'breakage'. Breakage occurs when someone signs up to an IFW site, starts the process of completing offers, gets part way through and then quits or otherwise fails to meet the requirements necessary to claim the prize (such as not getting enough referrals). The IFW site still gets its commission on the products or services the person(s) did sign up for, but never has to pay out any prize. Amazingly, it's a win/win/win situation most of the time.

PayPal account

You must have a verified PayPal account. PayPal is how traders pay for greens, and they generally are unwilling to pay or trade with anyone who isn't PayPal verified.

Good ISP

You must have an ISP that provides direct access to the Internet. You can't get credit for offers from the IFW's using an ISP like AOL because of the fact that AOL routes your Internet connection through a proxy.

Credit or debit card

You must have a valid credit or debit card. Actually there are IFW's that don't require a credit card to complete offers (known as 'no CC' sites), but they are generally harder to go green on and have other disadvantages as well. Pre-paid credit cards also do not work well in this business.

Live in North America

The only freebie sites I've heard of so far are only available to the U.S. and Canada. I'm not sure exactly why this is, it seems that if it's a successful model here then it should work elsewhere as well. I would eventually expect this concept to spread to other countries, but unfortunately it is limited to these areas for now.

I am available for personal assistance and one on one mentoring for anyone seeking to get started with freebie trading. I will provide this free of charge in exchange for letting me pay you to go green on at least one of my sites. Everything you need to get started is available at my web site:

http://www.thefreebietrader.com

If you visit my site before May 15, 2008, I can show you a way to get a free $25 too!